Frank M & Olive E Gilman Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Frank M & Olive E Gilman Foundation Inc is a 501(c)(3) organization based in West Lebanon, New Hampshire, registered in 1991, with $2,519,239 in FY2024 revenue. CharityIndex grades it C+.
Po Box 5104, West Lebanon, NH, 03784 EIN 03-0330527 Since 1991
Revenue (FY2024)
$2.5M
▲ 72.7% vs prior year
Expenses (FY2024)
$2.3M
Net assets
$32.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Frank M & Olive E Gilman Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating166 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Frank M & Olive E Gilman Foundation Inc: 166 mo reserves · +7% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Frank M & Olive E Gilman Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Frank M & Olive E Gilman Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 5104, West Lebanon, NH, 03784
- City
- West Lebanon
- State
- New Hampshire
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $4.2M (FY2015) to $2.5M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $32.5M
Operating margin
7.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$32.5M
Total liabilities
$0
Net assets
$32.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,519,239▲72.7% | $2,343,030▲1.2% | $32,479,859▲0.5% | $32,479,859▲0.5% | 990PF |
| 2023 | $1,458,468▼31.5% | $2,315,825▼4.3% | $32,303,650▼2.6% | $32,303,650▼2.6% | 990PF |
| 2022 | $2,127,643▼46.1% | $2,419,885▲4.6% | $33,161,007▼0.9% | $33,161,007▼0.9% | 990PF |
| 2021 | $3,949,381▲269% | $2,313,335▲1.4% | $33,453,249▲5.1% | $33,453,249▲5.1% | 990PF |
| 2020 | $1,071,040▼39.7% | $2,281,509▲0.2% | $31,817,203▼3.7% | $31,817,203▼3.7% | 990PF |
| 2019 | $1,776,596▲56.2% | $2,276,832▼4.4% | $33,027,672 | $33,027,672 | 990PF |
| 2018 | $1,137,041▼74.8% | $2,382,026▼1.2% | $33,025,428▼3.9% | $33,025,428▼3.9% | 990PF |
| 2017 | $4,508,184▼23.7% | $2,410,395▲6.6% | $34,359,262▼13.4% | $34,359,262▼13.4% | 990PF |
| 2016 | $5,907,570▲39.2% | $2,261,955▲7.5% | $39,670,083▲10.1% | $39,670,083▲10.1% | 990PF |
| 2015 | $4,244,581 | $2,104,906 | $36,031,619 | $36,031,619 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Frank M & Olive E Gilman Foundation Inc a legitimate nonprofit?
- Yes. Frank M & Olive E Gilman Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 03-0330527, based in West Lebanon, New Hampshire. Donations are tax-deductible.
- What is Frank M & Olive E Gilman Foundation Inc's EIN?
- Frank M & Olive E Gilman Foundation Inc's Employer Identification Number (EIN) is 03-0330527.
- How much revenue does Frank M & Olive E Gilman Foundation Inc report?
- Frank M & Olive E Gilman Foundation Inc reported $2,519,239 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Frank M & Olive E Gilman Foundation Inc have?
- CharityIndex grades Frank M & Olive E Gilman Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for Frank M & Olive E Gilman Foundation Inc (EIN 03-0330527) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.